Patrick Boyle

Epizódy

• 
  What are index options? What are currency options? 17.09.2026 14min

  In todays video we will learn about options on foreign exchange and index options.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleOptions on Stock Indices - what are index options?A stock market index is a method of measuring the price movements of a basket of stocks in a market. Many indices are cited by the media and are used as benchmarks to measure the performance of portfolios such as mutual funds. Some are price indices and some are total return indices, meaning that they include reinvested dividends over time.There are a number of different index types. National indices represent the performance of the stock market of a given nation. Sector indices track the performance of specific industry sectors in the market. Ethical indices include only those companies that satisfy certain ecological, religious, or social criteria.Index options exist on broad-based indices like the S&P500 or the Russell 3000. They also exist on more narrowly based indices like mining indices or semiconductor indices. The global market for exchange-traded stock market index options is notionally valued by the Bank for International Settlements at hundreds of billions per year. When OTC options are added to that, you can see that it is a very large market indeed.An index option is a financial derivative that gives the holder the right, but not the obligation, to buy or sell a basket of stocks, such as the S&P500, at a pre-agreed price on a specified date. An index option is similar to other options contracts, the difference being the underlying instruments are indexes. Index options are typically cash settled.Uses of Index OptionsThere are two main reasons that investors will pursue index options.1. Portfolio insurance: Investors with large stock portfolios may wish to insure their downside risk by buying put options. 2. Speculation: Portfolio managers may wish to use index options to speculate on the direction of the overall market, or on the volatility of the overall market.Foreign Exchange Options - What are currency options?A foreign exchange option is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. European and American options on foreign exchange are actively traded on both exchanges and OTC. Companies frequently use them to hedge foreign exchange risk, and they are commonly used to speculate on the price and volatility of various foreign exchange pairs. The foreign exchange options market is mostly an OTC market. A GBP/USD foreign exchange call option, can also be viewed as being a USD/GBP put option, as they each give the option owner the right but not the obligation to exchange a certain amount of US dollars for British pounds at a pre-agreed exchange rate on a specified date. The Black-Scholes model can be modified to price options on foreign exchange. The modified Black-Scholes model was developed in 1983 by Garman and Kohlhagen and is known as the Garman-Kohlhagen model. It is a modification of the Black-Scholes model which accounts for the different interest rates of each currency.You can think of options on currencies as being an options position with an annual percentage dividend embedded in the form of the foreign currencies’ risk-free rate. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Are the Rich Really Leaving Britain? 17.09.2026 29min

  Ad: 🔒Remove your personal information from the web at https://joindeleteme.com/BOYLE and use code BOYLE for 20% offAre Britain’s millionaires really fleeing the country—or is the “exodus” just a statistical mirage?This video digs into the numbers behind the headlines, from the much-quoted Henley & Partners migration report to the real impact of the UK’s non-dom reforms. We’ll look at what’s actually driving high earners to consider leaving, how tax policy shapes behavior, and why trust in government and value for money matter just as much as the top rate.Along the way, we’ll separate myth from reality, compare the UK’s approach to countries like Sweden and Switzerland, and ask what history can teach us about taxing globally mobile wealth.If you want to understand the real story behind the millionaire migration debate—and what it means for Britain’s future—watch now.Further reading:Tax Policy Associates - Why the rich paid less tax in the 1970s – despite 98% tax rates: https://taxpolicy.org.uk/2025/05/08/tax-rich-1970s-loopholes/Tax Policy Associates - Are Henley & Partners’ millionaire‑migration reports fabricated?: https://taxpolicy.org.uk/2025/07/27/henley-partners-millionaire-migration-report-analysis/Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Volatility Arbitrage - How does it work? - Options Trading Lessons 17.09.2026 16min

  What is Volatility Arbitrage?Volatility arbitrage is a trading strategy that attempts to profit from the difference between the forecasted price-volatility of an asset, like a stock, and the implied volatility of options on that asset.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleHow does Volatility Arbitrage Work?The price of an option is driven by the volatility of the underlying asset. If the forecasted and implied volatilities differ, there will be a discrepancy between the expected price of the option and its actual market price.A volatility arbitrage strategy can be implemented through a delta-neutral portfolio consisting of an option and its underlying asset. For example, if a trader thought a stock option was underpriced because implied volatility was too low, they may buy a call option and combine that with a short position in the underlying stock to profit from that forecast. If the price of the stock doesn't move, but the implied volatility used to price that option rises, then the price of the option will rise. Even if this does not get recognized by the market, but the stock realizes higher volatility than was implied in the initial price, the trading strategy explained in the video will generate a profit for the trader.Alternatively, if the trader believes that implied volatility is too high and will fall, then they may decide to take a long position in the stock and a short position in a put option. Assuming the stock's price doesn't move, the trader may profit as the option falls in value with a decline in implied volatility.There are several assumptions a trader must make, which will increase the complexity of a volatility arbitrage strategy. First, the investor must be right about whether implied volatility really is over- or underpriced. Second, the investor must be correct about the amount of time it will take for the strategy to profit or time value erosion could outpace any potential gains. Finally, if the price of the underlying stock moves more quickly than expected the strategy will have to be adjusted, which may be expensive or impossible depending on market conditions. Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  The End of Legal Immigration? 17.09.2026 30min

  🌟Go to http://covepure.com/patrick to get $200 off.Is America Closing the Door on Global Talent?Donald Trump’s new $100,000 fee on H-1B visa applications has sent shockwaves through the tech industry, universities, and foreign governments. In this video, we unpack the legal, economic, and political fallout — from panics at airports to diplomatic blowback, from the Hyundai factory raid to the eerie silence of Silicon Valley CEOs. Is this the end of skilled immigration as we know it? Or just another chapter in America’s long-running immigration drama?We’ll explore:What the H-1B visa is and why it mattersHow the fee could reshape tech hiring, university admissions, and global talent flowsThe legal challenges ahead and the industrial policy contradictionsWhy CEOs are staying quiet — and what that silence saysThe growing divide between MAGA populism and tech elite pragmatismPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Volatility Trading - Call and Put Options - Trading Tutorial 17.09.2026 20min

  These classes are all based on the book Derivatives For The Trading Floor, available on Amazon at this link. https://amzn.to/3GdLi2s Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is volatility trading?Volatility trading is the term used to describe trading the volatility of the price of an underlying instrument rather than the price itself. For example, you could trade the price direction of an equity index, but volatility trading typically means trading the expected future volatility of the index. Any instrument whose price moves, exhibits price volatility. Volatility trading is simply buying and selling the expected future volatility of the instrument. Rather than predicting whether the price of an asset will move up or down, volatility traders are concerned with how much movement, in any direction, will occur.How is volatility traded?The most common way to trade volatility is using options. The value of an option is affected by several factors, but an essential determinant of its value is the expected future volatility of the underlying instrument, which is included in the pricing formulas as standard deviation. Other things being equal, options struck on an underlying with higher expected volatility will be more expensive than options struck on an underlying expected to be less volatile. Options therefore are a good way to gain exposure to the volatility of the underlying.The price of volatilityThe value of an option can be attributed to several components. By stripping these away, traders can imply an annualised volatility level that the option’s tick value equates to. This is known as the implied volatility. So an equity index may be trading at a certain price and it may have exhibited a certain realized level of volatility over the previous 12 months. Traders can compare this realized level of volatility with the current implied level as seen in the option market. However, there is a crucial difference here; the implied volatility level refers to the annualized volatility that is expected over the life of the option. In other words, it is forward looking and reflects traders’ current best estimate of what future realized volatility will be. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets! 17.09.2026 26min

  Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleTwo companies collapsed last month. One sold used cars, the other distributed brake pads and spark plugs. Both issued debt rated AAA. Now their bonds are trading at cents on the dollar—and Wall Street is pretending not to notice.In this video, we dig into down the bankruptcies of Tricolor Holdings and First Brands Group to understand what they reveal about private credit, and why supposedly safe securities are starting to look a lot less safe. We’ll look at hidden leverage, double-pledged collateral, shadow banking, and the growing disconnect between risk and reward in today’s credit markets.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Dynamic Hedging (Part 2) 17.09.2026 8min

  The second part of my tutorial on dynamic hedging.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Dynamic Hedging?A hedging technique which seeks to limit an investment's exposure to delta and gamma by adjusting the hedge as the underlying security changes (hence, "dynamic"). The strategy is frequently used by financial professionals working with derivatives. Derivatives dealers often find that they hold large numbers of short options positions on an underlier which they want to offset by purchasing long options, but that they cannot find long options because these types of options are not as available. To reduce exposure the trader will create a delta hedge of a non-linear position, such as an exotic option, with a linear position, such as a spot trade.The deltas of the linear and non-linear positions offset. As the value of the underlying changes the trader will have to take out new linear positions to offset the changing non-linear delta. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  The Chainsaw Stalls: Can Milei Cut Through Argentina’s Currency Collapse? 17.09.2026 20min

  Go to ➞ https://surfshark.com/boyle or use code BOYLE at checkout to get 4 extra months of Surfshark VPN!Argentina’s economy is in crisis—again. President Javier Milei’s reforms slashed inflation and balanced the budget, but now the peso is under siege. In this video, we unpack the $20 billion U.S. bailout, the speculative pressure on Argentina’s currency, and the political risks ahead of the October 26 midterms.We’ll look at:Why the U.S. Treasury is buying pesos for the first time in decadesHow Milei’s fixed-but-adjustable exchange rate is draining reservesThe geopolitical angle: China, soybeans, and Washington’s strategic betWhat history tells us about defending overvalued currenciesWhether Milei’s reform agenda can survive—or if the chainsaw has stalledPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Dynamic Hedging of Options - Option Trading Strategies 17.09.2026 8min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Dynamic Hedging?A hedging technique which seeks to limit an investment's exposure to delta and gamma by adjusting the hedge as the underlying security changes (hence, "dynamic"). The strategy is frequently used by financial professionals working with derivatives. Derivatives dealers often find that they hold large numbers of short options positions on an underlier which they want to offset by purchasing long options, but that they cannot find long options because these types of options are not as available. To reduce exposure the trader will create a delta hedge of a non-linear position, such as an exotic option, with a linear position, such as a spot trade.The deltas of the linear and non-linear positions offset. As the value of the underlying changes the trader will have to take out new linear positions to offset the changing non-linear delta.Watch this video to the end to win a free book Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Private Equity’s Quiet Crisis! 17.09.2026 28min

  ⚡️ Build something with Lovable ➡️➡️https://lovable.link/patrickboylePrivate equity has long promised smooth returns, operational excellence, and sophisticated diversification. But behind the pitch decks and performance charts lies a growing crisis. In this video, we explore:🔹 Why private equity firms are struggling to exit investments🔹 The illusion of stability created by stale pricing🔹 The role of leverage in driving returns — and fragility🔹 The push into 401(k)s and what it means for retail investors🔹 The rise of continuation funds, NAV loans, and other liquidity maneuvers🔹 The social and regulatory backlash against PE roll-up strategies🔹 What Bain, Buffett, and Cliff Asness really think about the modelFrom inflated IRRs to collapsing portfolio companies, the cracks are starting to show. Is private equity still a smart bet — or just a sophisticated shell game?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Creating Neutral Portfolios - The Option Greeks 17.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThe option sensitivity measures familiar to most option traders are often referred to as the Greeks: delta, gamma, vega, lambda, rho, and theta. Delta is the price sensitivity of an option with respect to changes in the price of the underlying asset. It represents a first-order sensitivity measure analogous to duration in fixed income markets. Gamma is the sensitivity of an option's delta to changes in the price of the underlying asset, and represents a second-order price sensitivity analogous to convexity in fixed income markets. Vega is the price sensitivity of an option with respect to changes in the volatility of the underlying asset. See Pricing and Analyzing Equity Derivatives or the Glossary for other definitions. The Greeks of a particular option are a function of the model used to price the option. However, given enough different options to work with, a trader can construct a portfolio with any desired values for its greeks. For example, to insulate the value of an option portfolio from small changes in the price of the underlying asset, one trader might construct an option portfolio whose delta is zero. Such a portfolio is then said to be “delta neutral.” Another trader may want to protect an option portfolio from larger changes in the price of the underlying asset, and so might construct a portfolio whose delta and gamma are both zero. Such a portfolio is both delta and gamma neutral. A third trader may want to construct a portfolio insulated from small changes in the volatility of the underlying asset in addition to delta and gamma neutrality. Such a portfolio is then delta, gamma, and vega neutral. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Is AI’s Circular Financing Inflating a Bubble? 17.09.2026 27min

  🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/BOYLE and use code BOYLE to protect your privacy! 🙌🏻The AI boom isn’t just about algorithms — it’s about money, power, and a race to build infrastructure on a scale we’ve never seen before. In this video, we break down the circular deals between OpenAI, Nvidia, Amazon, Anthropic, and even Elon Musk’s empire — and ask the hard questions: Who’s paying for this? Where will the electricity come from? And is the industry building a Möbius strip of venture capital and gigawatts that could collapse under its own weight?We’ll explore:The spaghetti diagram of AI’s biggest playersOpenAI’s trillion-dollar data center ambitionsWhy Nvidia’s demand might not be what it seemsThe risk of stranded assets and systemic leverageHow geopolitics and energy constraints could shape the futureIf you want to understand the economics behind the hype — and why this might be the biggest corporate investment project in history — watch now.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  What are Volatility Swaps? Financial Derivatives - Trading Volatility 17.09.2026 8min

  In todays class we learn about what a volatility swap is.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is a Volatility Swap?A volatility swap is a forward contract with a payoff based on the realized volatility of the underlying asset. Volatility swaps settle in cash based on the difference between the realized volatility and the volatility strike. They are not swaps in the traditional sense, with an exchange of cash flows between counterparties.At settlement, the payoff is, Notional Amount X (Volatility – Volatility Strike)They are also similar to variance swaps, where the payoff is based on realized variance. Check out my video on variance swaps here. https://www.youtube.com/watch?v=XO1vKxx4z0M Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Epstein - Follow The Money! 16.09.2026 40min

  👉 To try everything Brilliant has to offer for free for a full 30 days, visit https://brilliant.org/patrick/. You’ll also get 20% off an annual premium subscription.Jeffrey Epstein was a college dropout with no formal financial training who amassed a fortune worth hundreds of millions of dollars and mingled with presidents and billionaires. Drawing on court records and media investigations we trace where Epstein's money came from and what happened to it? From his first job as a high school teacher to involvement in a Ponzi scheme, secretive offshore firms, and powerful clients like Les Wexner and Leon Black. As conspiracy theories swirl and official narratives shift, one question remains unanswered: where did Epstein's money actually come from?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  What is Options Gamma? The Options Greeks - Trading Tutorial 16.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Options Gamma?Gamma is a measure of the rate of change of its delta . The gamma of an option is expressed as a percentage and reflects the change in the delta in response to a one point movement of the underlying stock price. Like the delta, the gamma is constantly changing, even with tiny movements of the underlying stock price. It generally is at its peak value when the stock price is near the strike price of the option and decreases as the option goes deeper into or out of the money.what is delta gamma theta vega in options? Learn more about your ad choices. Visit megaphone.fm/adchoices
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  China’s Rare Earth Chokehold! 16.09.2026 31min

  👉🏻 To try everything Brilliant has to offer for free for a full 30 days, visit https://brilliant.org/patrick/. You’ll also get 20% off an annual premium subscription.In this video, we explore how China’s dominance in rare earth elements has become a powerful geopolitical tool—and why the United States is struggling to catch up. From the Mountain Pass mine in California to Apple’s $500 million recycling push, we unpack the strategic importance of rare earths in everything from electric vehicles and smartphones to fiber optics and missile systems.We also look at the recent Trump–Xi summit, the temporary truce on export controls, and the deeper tensions that remain unresolved. Why are rare earths so hard to substitute? How does China’s export licensing regime work? And what happens if the U.S. gets cut off?🔍 Topics covered:Rare earths in global supply chainsChina’s export controls and licensing strategyU.S. efforts to rebuild domestic productionMilitary vs civilian demand for rare earthsRecycling, substitution, and strategic stockpilingPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  What is Options Vega? The Options Greeks - Options Trading Tutorial 16.09.2026 8min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Options Vega?Vega is a measure of the impact of changes in implied volatility on the option price. Specifically, the vega of an option expresses the change in the price of the option for every 1% change in implied volatility.Options tend to be more expensive when volatility is higher. Thus, whenever volatility goes up, the price of the option goes up and when volatility drops, the price of the option will also fall. ExampleA stock XYZ is trading at $46 in May and a JUN 50 call is selling for $2. Let's assume that the vega of the option is 0.15 and that the underlying volatility is 25%.If the underlying volatility increased by 1% to 26%, then the price of the option should rise to $2 + 0.15 = $2.15.However, if the volatility had gone down by 2% to 23% instead, then the option price should drop to $2 - (2 x 0.15) = $1.70Passage of time and its effects on the vegaThe more time remaining to option expiration, the higher the vega. This makes sense as time value makes up a larger proportion of the premium for longer term options and it is the time value that is sensitive to changes in volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  Elon Musk's Anti Woke Encyclopedia 16.09.2026 34min

  Go to ➞ https://surfshark.com/boyle or use code BOYLE at checkout to get 4 extra months of Surfshark VPN!Elon Musk says his new online encyclopedia Grokipedia will fix Wikipedia’s flaws by replacing human editors with AI. But can a chatbot really deliver “the whole truth and nothing but the truth” as he says? In this video, we dive into the battle between Wikipedia’s messy, transparent consensus and Grokipedia’s algorithmic certainty.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
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  What is Rho in Options? The Options Greeks - Options Trading Tutorial 16.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Rho in Options?Rho is the rate at which the price of a derivative changes relative to a change in the risk-free rate of interest. Rho measures the sensitivity of an option or options portfolio to a change in interest rate. Rho may also refer to the aggregated risk exposure to interest rate changes that exist for a book of several options positions.If an option or options portfolio has a rho of 1.0, then for every 1 percentage-point increase in interest rates, the value of the option (or portfolio) increases 1 percent. Options that are most sensitive to changes in interest rates are those that are at-the-money and with the longest time to expiration.Check out our playlist on the Options Greeks to see more on this topic. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  The 50-Year Mortgage: What You MUST Know! 16.09.2026 24min

  ✨ Start designing today with Gamma for free ➡️ https://gamma.app/?utm_source=youtube&utm_medium=influencer&utm_campaign=nov25&utm_content=akg_PBoyleIs Trump’s 50-Year Mortgage Plan the answer to America’s housing affordability crisis—or a financial trap? In this video, we break down the economics, politics, and history behind ultra-long mortgages.You’ll learn:* Why a 50-year mortgage might not lower monthly payments as promised* How interest rates and risk pricing change with longer loan terms* The hidden costs: slower equity growth, higher lifetime interest, and systemic risk* Lessons from Japan’s 50- and 100-year mortgages—and why they failed* What really drives housing affordability If you’re curious about housing policy, mortgage mechanics, and the future of homeownership, this deep dive is for you.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices